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Investments | 12 Months Ended
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Dec. 31, 2017
Text block1 [abstract] |
Investments |
9. | Investments
|  | 2017 |  |  | 2016 |
Short-term |  |  |  |  |  |  |  |
Time deposits between 90 and 365 days |  | $ | 705,108 |  |  | $ | 483,002 |
|  | $ | 705,108 |  |  | $ | 483,002 |
Long-term |  |  |  |  |  |  |  |
Time deposits of more than 365 days |  | $ | 65,953 |  |  | $ | 953 |
|  | $ | 65,953 |  |  | $ | 953 |
Time deposits earned interest based on rates determined by the banks in which the instruments are held. The use of the time deposits depends on the cash requirements of the Company and bear interest at rates ranging between 1.37% and 3.75% for investments denominated in U.S. dollars (2016: between 1.00% and 3.75%). During 2017, the Company acquired time deposits denominated in U.S. dollars with a contractual maturity of more than 365 days and bear interest at rates ranging between 3.20% and 3.75%.

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- Definition The entire disclosure for investment property. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 40 -IssueDate 2017-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=40&date=2017-03-01&anchor=sect_Disclosure&doctype=Standard -URIDate 2017-03-09 + Details
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